Aye Finance IPO shares see 4% GMP as professionally managed NBFC sets price band at Rs 122-129 per share

Aye Finance IPO News

• Aye Finance sets IPO price band at Rs 122-129 per share
• IPO comprises of fresh issue of Rs 710 crore, offer for sale of Rs 300 crore

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Professionally managed non-banking finance company Aye Finance's IPO shares attracted muted demand in the grey market, trading at nearly 4 percent premium after it announced price band at Rs 122-129 per share on February 4.

The company that valued nearly Rs 3,200 crore at the upper price band will open its Rs 1,010-crore initial public offering (IPO) for subscription on February 9 and close on February 11.

The IPO is a mix of fresh issuance of shares worth Rs 710 crore, and an offer-for-sale of shares amounting to Rs 300 crore by Alpha Wave India, MAJ Invest, CapitalG, LGT Capital, and Vikram Jetley.

According to the market observers, Aye Finance IPO shares attracted just 3.9 percent premium in the grey market, an unofficial market for trading in IPO shares till their listing on the bourses.

Investors can bid for a minimum of 116 equity shares and in multiples of 116 shares thereafter.

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The non-banking financial company that provides loans to micro scale micro, small and medium enterprises (MSMEs) with small-ticket business loans with an average ticket size on disbursement of Rs 0.18 million to micro enterprises will utilise fresh issue proceeds for augmenting it capital base to meet future capital requirements arising out of growth of business and assets.

Aye Finance has reported a 40 percent on-year decline in profit at Rs 64.6 crore for the first half of current financial year 2025-26 compared to Rs 107.8 crore in corresponding period of previous fiscal, however, the net interest income increased by 15.6 percent to Rs 475 crore, from Rs 411 crore during the same period.

In the previous fiscal ended March 2025, its profit rose just 2 percent to Rs 175.3 crore, from Rs 171.7 crore in previous financial year. Net interest income in the same period soared 37.9 percent to Rs 858 crore, up from Rs 622.2 crore.

This would be the fifth company launching IPO in current year and the second in current month along with AI firm Fractal Analytics which is also set to open IPO worth Rs 2,834-crore on February 9. Shadowfax Technologies, Amagi Media Labs, and Bharat Coking Coal were other companies that had launched IPOs in curent year.